When to get a mortgage?

Ready to buy?

Prefer to speak to an expert?

A smart risk? It’s possible with a mixed rate.

The variable portion allows you to take advantage of downward fluctuations. Use 50% of your mortgage to reduce your interest.

The fixed portion provides stability, so you can avoid surprises in the market. Use 50% of your loan to keep control of rising fluctuations.

What is a mortgage loan?

Also called a "mortgage", the loan makes it possible to borrow money to purchase a property. Your house, cottage, condo or building is under warranty, and during this time, you repay your loan.

Compare the types of mortgage loans

What is the best solution for you? It depends mainly on your tolerance for risk. There are different types of loans (fixed, variable and made-to-measure), and two types of rates (fixed and variable). Mixed rate is a variant of made-to-measure loan.

Fixed

Variable

Mixed

What is it?

Your interest rate remains the same for the entire term.

Your interest rate can go up or down based on market fluctuations.

Your loan includes two type of product: 50% fixed and 50% variable.

Ideal if you want to

Enjoy the security of equal mortgage payments.

Save on interest if rates go down.

Enjoy a portion of stable payments and, at the same time, take advantage of interest rate drops to save money.

Variable portion
**APR as at ${p2.tauxDateJour|date:"-"}. The APR— or Annual Percentage Rate—
includes the total interest and fees charged by the Bank in annual fees. The example is based on a $300,000.00 mortgage loan over 300 months, a variable rate of 3.55% (effective as of the current date), an administration fee of $5.00 per month, and a $330.00 appraisal fee. Appraisal fees may be subject to change or may not be charged as part of the assessment of your mortgage application. The ARP is calculated on the assumption that the variable interest rate will remain unchanged throughout the term.

Fixed rate portion
***APR as at ${p2.tauxDateJour|date:"-"}. The APR— or Annual Percentage Rate—
includes the total interest and fees charged by the Bank in annual fees. The example is based on a $300,000.00 mortgage loan over 300 months, a fixed rate of 3.04% (effective as of the current date), an administration fee of $5.00 per month, and a $330.00 appraisal fee. Appraisal fees may be subject to change or may not be charged as part of the assessment of your mortgage application.

The "Base Rate" means the annual interest rate that the Bank publicly announces as the reference rate used to determine the interest rate on the Canadian dollar for loan applications that the Bank makes to Canada. See the base rate page for the rate as of today.

The variable rate: the interest rate will vary according to base rate changes. The reduction of the rate of 0.40% on the base rate applies only to the portion of the variable rate loan over a period of 60 months.

The loan must be disbursed within 90 days of the credit approval for a mortgage loan at National Bank. Thus, the fixed rate and the 0.40% reduction for the variable rate are guaranteed for a maximum of 90 days following the credit approval.

This offer can't be combined to other offers of the National Bank.

This offer is not applicable to mortgage refinancing request.

This offer may be modified, extended or withdrawn at any time without notice. All the details and complete conditions in branch.